As mentioned before, it's a perception issue: there's been next to nothing on the customer-facing front, apart from Twitter updates about largely non-company stuff. With the utter silence on the Drakblog and the lack of any news after the release of Fortune Summoners (including the lack of updates to any of the released games), there's the sensation that whatever is happening Behind The Scenes, it isn't good.
Honestly, when the site went down for a few days recently, there was a niggling suspicion in the back of my mind that CF had basically quietly packed up and absconded. (This was quickly dismissed due to being Out Of Character, but the suspicion was still there.)
There's a super-injunction on Project Four (to the point where apparently we're not allowed to know why it can't be talked about), and Territoire is "When It's Done", and after that it doesn't seem like CF has anything lined up or being looked at.
Note that this has nothing to do with whether CF does have more projects in the pipeline beyond Project Four and Territoire. It's entirely possible that there are more, but without being told, it's not like we'd know.